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For months, county commissioners, state legislators and local officials have been hammering the North Carolina Department of Insurance and the North Carolina Rate Bureau over increases approved for homeowners’ insurance rates in coastal counties.
In December 2008, former insurance commissioner Jim Long approved a 29.8 percent increase to homeowners’ insurance rates in Territory 42, which includes Brunswick County. While Long ordered the 29.8 percent increase, the rate bureau requested a 69.8 percent increase for Territory 42. The rates take effect May 1.
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